Reuters, Feb. 27, 2023–Lucia MutikaniNew orders for key U.S.-manufactured capital goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that …
Category: Top National News
LendingTree Posts 4th Straight Quarterly Loss
National Mortgaage Professional, Feb. 27, 2023–David KrechevskyCalling 2022 “perhaps one of the most difficult operating environments we have faced in our history as a public company,” LendingTree on Monday reported …
Apartment Rents Fall as Crush of New Supply Hits Market
Wall Street Journal, Feb. 27, 2023–Will Parker (subscription)Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised …
U.S. Watchdog Shutters Mortgage Outfit as High Court Case Looms
Reuters, Sept. 27, 2023–Douglas GillisonThe U.S. consumer financial watchdog agency on Monday said it had permanently barred California mortgage broker RMK Financial Corp. from the mortgage lending industry, accusing it …
JPMorgan Chase on How the FHA Could Bring Back More Banks
National Mortgage News, Feb. 27, 2023–Bonnie Sinnock (subscription)“It’s really the best tool to reach first-time homebuyer and low-to-moderate income communities,” Tom Land, vice president, agency relations at Chase, said at …
Supreme Court to Consider Consumer Financial Protection Bureau’s Funding
Wall Street Journal, Feb. 27, 2023–Andrew Ackerman (subscription)In advance of any Supreme Court ruling, the Mortgage Bankers Association has warned lawmakers of both parties that the $13 trillion U.S. mortgage …
At Banks, Servicing Values Soften a Bit
Inside Mortgage Finance, Feb. 27, 2023–Brandon IveyA decline in interest rates in the fourth quarter of 2022 took a bite out of the value of mortgage servicing rights at banks, …
How Repaying Student Loans Is Changing—Dramatically (Video)
Wall Street Journal, Feb. 27, 2023 (subscription)President Biden’s student debt forgiveness plan isn’t the only change coming for student loan borrowers. His plan also fundamentally changes how loans will be …
McHenry Releases Final Financial Data Privacy Bill Ahead of Markup
American Banker, Feb. 24, 2023–Claire Williams (subscription)McHenry’s bill would require financial companies to offer consumers more disclosures regarding their financial data, and it would allow consumers to request that their …
Behind the Housing Numbers: Mortgage Rates Are What Count
Barron’s, Feb. 26, 2023–Shaina Mishkin (subscription)One early data point shows signs of higher rates weighing on buyer demand. The Mortgage Bankers Association’s seasonally-adjusted measurement of home purchase loan applications dropped …